Common use of Antidilution Clause in Contracts

Antidilution. If the outstanding Common Stock is increased, decreased, changed into, or exchanged for a different number or kind of shares or securities through merger, consolidation, combination, exchange of shares, other reorganization, recapitalization, reclassification, stock dividend, stock split, or reverse stock split, an appropriate and proportionate adjustment shall be made in the number and type of shares subject to the Option. Any such adjustment in the Option shall be made without change in the aggregate purchase price applicable to the unexercised portion of the Option, but with a corresponding adjustment in the price for each share covered by the Option. The foregoing adjustments and the manner of application of this section shall be determined solely by the Compensation Committee.

Appears in 15 contracts

Samples: Incentive Stock Option Agreement (Azz Inc), Incentive Stock Option Agreement (Azz Inc), Incentive Stock Option Agreement (Azz Inc)

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